Cash contributions: The entire amount of a cash contribution is deductible up to 50 percent of your adjusted gross income in the tax year of your contribution. (abendowment.org)
As such, don't put yourself at a disadvantage by listing your loans as income in your tax return. (assistingamerica.org)
Look up your taxable income in the tax tables and place the applicable amount on line 44. (sapling.com)